The Independent Authority for Fiscal Responsibility (AIReF) endorses the forecasts accompanying the draft 2025 budget for the Basque Country, which presents estimates for growth in Gross Domestic Product (GDP) in volume terms, the GDP deflator and employment for the period 2024-2026 that differ from the latest estimates of the Government’s macroeconomic scenario for the country as a whole.
The Basque Country estimates a GDP growth in volume terms of 2.1%, similar to the forecast made by AIReF (2%) and below the lower end of the range of forecasts made by other agencies for the region, although these forecasts do not yet include the recent revisions of the National Accounts.
